MAT row may lead FPIs to think twice before investing: Fitch
Expressing concerns over Foreign Portfolio Investors facing MAT demand, global rating agency Fitch on Friday said the controversy may prompt FPIs to think twice before investing in India.
May 08, 2015, 18:57 PM IST
High level panel to look into MAT on FIIs
The high level committee, announced by Finance Minister Arun Jaitley on Thursday, would give its first recommendations on the issue of imposition of MAT on foreign investors, Finance Ministry said today.
May 08, 2015, 00:10 AM IST
High level committee to look into MAT issue: Jaitley
Arun Jaitley announced that a high-level committee will look into the controversial issue of payment of Minimum Alternate Tax (MAT) by FIIs.
May 07, 2015, 21:58 PM IST
Govt to study HC stay order on MAT levy on FIIs
With a foreign fund house getting a court stay on the controversial MAT levy, the tax department Tuesday said it will study the Bombay High Court order before taking a view on the matter.
May 05, 2015, 22:33 PM IST
Court drops proceedings against MD of Emaar MGF in IT case
A court Tuesday dropped the proceedings against Managing Director of real estate major Emaar MGF Shravan Gupta after he informed it that the Delhi High court has quashed summons issued against him in a case filed by the Income Tax (IT) department for allegedly not furnishing details of his bank accounts.
May 05, 2015, 18:06 PM IST
FM Jaitley to meet business chambers Friday on ITR forms
Finance Minister Arun Jaitley is likely to meet business chambers on Friday to get their views on new income tax returns form, after the government faced flak over it seeking details on bank accounts and foreign travel.
Apr 23, 2015, 21:13 PM IST
I-T issues fresh notice to Vodafone seeking returns reassessment
Tax authorities have issued a fresh notice to UK-based telecom giant Vodafone seeking reassessment of tax returns for two years.
Apr 20, 2015, 23:09 PM IST
Now EPIC or Aadhaar document enough to get PAN card
An EPIC or Aadhaar document will now be enough for any individual to obtain PAN card as the Income Tax Department has relaxed the cumbersome procedure of having multiple documents to prove one's own identity.
Apr 20, 2015, 17:41 PM IST
I-T department attaches all assets of Moin Qureshi
The I-T department has attached his farm house, cars, land and also a few bank lockers.
Apr 10, 2015, 12:36 PM IST
Cairn India moves Delhi HC against Rs 20,495 crore tax demand
Cairn sought directions to the tax authorities not to take any coercive steps against it for recovery of the demand.
Apr 06, 2015, 20:29 PM IST
Nokia may be allowed to sell Chennai mobile plant
Government may allow Finnish telecom firm Nokia to sell its Chennai plant with a condition that the money realised will be kept in escrow account till final verdict is out on its Rs 21,000 crore tax dispute.
Mar 24, 2015, 19:59 PM IST
Cairn India shares slip as I-T Dept slaps Rs 20K cr tax demand
Shares of Cairn India Ltd fell by as much as 3.5 percent as the Income Tax Department has slapped a Rs 20,495 crore tax demand on the company for allegedly failing to pay taxes on gains made by its former parent in a share transfer transaction about eight years ago.
Mar 13, 2015, 19:31 PM IST
Cairn India gets Rs 20,495 cr tax notice from I-T Department
Income Tax Department has slapped a Rs 20,495 crore tax demand on Cairn India Ltd for allegedly failing to pay taxes on gains made by its former parent in a share transfer transaction about eight years ago.
Mar 13, 2015, 17:22 PM IST
Cairn India slapped with Rs 20,495 crore tax demand
Cairn India said it does not agree with the tax demand and will pursue all possible options to protect its interest.
Mar 13, 2015, 10:59 AM IST
Arun Jaitley may face investor queries in UK on Cairn tax demand
Finance Minister Arun Jaitley is likely to face queries over the tax department's Rs 10,247 crore demand notice to UK-based Cairn Energy, when he meets foreign investors in London tomorrow.
Mar 12, 2015, 21:16 PM IST
Indirect tax mop-up in Apr-Feb achieves 88.5% of fiscal target
The government Wednesday said it has collected Rs 4.78 lakh crore in indirect taxes in the April- February period, which is 88.5 percent of the revised target for the entire fiscal.
Mar 11, 2015, 21:31 PM IST
I-T Dept slaps $1.6 bn tax demand on Cairn Energy Plc
Income Tax Department Tuesday slapped a Rs 10,247 crore (USD 1.6 billion) tax demand on Cairn Energy Plc, which termed the action as "very disappointing" and said it would contest the order.
Mar 10, 2015, 23:09 PM IST
Loan recovery: SBI consortium takes over Kingfisher House
Clamping down on Vijay Mallya-led UB Group to recover loans, a 17-bank consortium led by state-run SBI on Tuesday took over possession of the prized Kingfisher House, estimated to be worth Rs 100 crore.
Feb 24, 2015, 17:24 PM IST
Black money: I-T dept conducts survey at HSBC bank in Mumbai
The Income Tax department has conducted a "survey" operation at the head office of HSBC bank here in connection with the black money probe against it and certain Indians who held accounts in its Switzerland branch.
Feb 23, 2015, 22:21 PM IST
HSBC gets summons from Indian Tax Dept; fears significant fines
The bank said it is being probed by tax authorities in many other countries as well with regard to alleged irregularities by its Swiss banking unit and there could be "significant" amounts of fines, penalties and/or forfeitures imposed on it.
Feb 23, 2015, 15:57 PM IST
